In January, the US subsidiary of cosmetics group L’Occitane filed for chapter 11 bankruptcy protection as a prelude to restructuring L'Occitane en Provence’s business, a reorganisation that has recently been completed.
The subscription box market continues to grow with a new report from Royal Mail saying that the market should be worth £1.8bn by 2025. That comes as it doubled by 2020 compared to 2017 with spend of almost £1.4bn
Lord Wolfson, the chief executive of high street retail giant Next, has blamed the government’s “insane” immigration policy for the major shortage of heavy-goods vehicle (HGV) drivers hitting Britain’s supply chain hard.
After weathering a tough pandemic, it’s no wonder the wellbeing and skincare sectors are thriving. And Neom’s latest set of results reflect this with strong year-end sales and “continued growth and momentum”.
Givaudan, the world’s top perfume and fragrance producer, has announced it will enlarge its production plant in Pedro Escobedo, in the state of Querétaro, Mexico, as it seeks to boost its Latin America growth.
Palm Angels has launched not one but three debut scents with fragrance specialist 19 – 69, in the latest product development from the Italian hipster skateboard brand, following on link-ups with Missoni and Vilebrequin.
UK department stores have become an endangered species. The country has lost 83% of its main department stores since the collapse of the BHS chain in 2016, reflecting how hard the high street has been hit.